Managerial Economics MBA-540-MBOL1

Succinct, complete answers that show that you have prepared your writing with thought and reflection are

preferable to answers that ramble and are not reflective of the course content. A complete,

well-developed response can be given in one paragraph, several paragraphs or a page depending on the

question and your ability to articulate your answer. If it requires more than one page that is

acceptable as well. The written assignments will be critiqued on the technical part of your answer, the

clarity and logical sequence of your response, and grammar and spelling.
You are encouraged to use textbook concepts as you attempt to explain in your own words the answers to

the assignments. Word choice and sentence structure that is suitable for graduate-level work is

expected.

Each question must have at least 2-3 citations (Textbook citation required, must include page number, or

outside source). Please contact me if you have any questions.

In order to earn full points, the posts need to be substantial and relate real world examples to the

questions being asked. Any references you use should be in APA format and listed at the end of your post

APA style writing (Times Roman, font 12…) Double spaced
APA style reference and quotes/phrases need to be referenced within the essay as well, for example…

“This concern was real enough to stop… (DeMarzo, 2014 page 260).”

They will use a program and check for Plagiarism, it has to be less than 20%.
TEXTBOOK LINK:
Brickley, J., Smith, C., & Zimmerman, J. (2009). Managerial economics and organizational architecture

(5th ed.). New York: McGraw Hill/Irwin.

Same textbook (Wording is exactly the same)
Question:

W. Edwards Deming, often referred to as the leading quality guru in the United States, and psychologist

Alfie Kohn support the idea that incentive pay is not a motivator for individuals to do a good job. Yet

economists argue that incentive compensation does work and as economist George Baker notes in his 1993

article in the Harvard Business Review titled “Rethinking Rewards,” “The problem is not that incentives

can’t work but that they work too well.” What does Baker mean? Discuss the importance of a

well-developed compensation plan in attracting and retaining good employees and how to keep those plans

from “working too well.”

Additional notes from professor:

Incentive pay is a great debate! One of the fundamental principles of economics is that people respond

to incentives. But what does that really mean? Of course when we see a sale (I’m a huge “buy one get

one” junkie!) we are likely to respond by spending money. But when we look at this idea from another

angle, how can we encourage our employees to do a better job. It becomes less clear.

One field where we see issues with incentive pay is in education. We probably have all heard about the

recent issues with teachers cheating on the standardized tests to make their scores look better…well

in some way, the incentive to get money based on these scores also drives up the incentive to cheat.

It’s important to find balance, but with human nature, we are not really known for being balanced

creatures….
Check out this YouTube video and let me know what you think… https://www.youtube.com/watch?v=u6XAPnuFjJc

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